Why is ITL Industries falling/rising?

As of 15-Sep, ITL Industries Ltd is currently priced at 355.00, reflecting a decrease of 5.6, or 1.55%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.93%. Today's performance indicates that it has underperformed its sector by 2.23%. The stock's recent returns show a 1-month decline of 1.72% and a year-to-date drop of 20.55%, significantly worse than the benchmark Sensex, which has gained 4.67% year-to-date. Additionally, the stock's delivery volume has decreased dramatically, indicating falling investor participation, which may contribute to the downward price movement. Despite a low Debt to EBITDA ratio and attractive valuation metrics, the stock's poor long-term growth prospects and significant underperformance over the past year have negatively impacted investor sentiment.
Broader market context reveals that while the Sensex has shown a positive return of 1.24% over the past week, ITL Industries has remained flat, indicating a lack of momentum compared to the broader market. The stock's performance has been particularly disappointing over the last year, with a return of -25.95%, contrasting sharply with the BSE500's decline of only -3.45%. This stark difference highlights the stock's struggles relative to the market, further exacerbated by flat operating profit growth and a lack of institutional support among shareholders. Overall, these factors suggest that ITL Industries is facing significant challenges that are contributing to its declining stock price.